Financial Markets Authority - Latest News [Page 1]

FADC decision on financial adviser

Wednesday, 23 August 2017, 3:03 pm | Financial Markets Authority

The Financial Advisers Disciplinary Committee has published its ruling following an FMA complaint against an authorised financial adviser. More >>

Not all bonds are equal – FMA survey

Thursday, 17 August 2017, 8:49 am | Financial Markets Authority

Over 1 million New Zealanders have more than $15 billion invested in conservative or default KiwiSaver funds, mostly invested in fixed-interest assets, including bonds. However, only four in ten KiwiSaver members surveyed by the FMA knew that that most ... More >>

Judgment confirmed in the FMA v Warminger

Monday, 31 July 2017, 10:03 am | Financial Markets Authority

Mr Mark Warminger has withdrawn his appeal against the High Court judgment in the Financial Markets Authority v Warminger and as a result the FMA has withdrawn its cross-appeal. More >>

Consumers Tell FMA about Financial Providers’ Conduct

Friday, 21 July 2017, 12:05 pm | Financial Markets Authority

Financial services providers are fair and professional, but have work to do to explain fees and how their products are appropriate, their customers have told the FMA. More >>

FMA confirms KiwiSaver fees methodology

Wednesday, 19 July 2017, 11:51 am | Financial Markets Authority

The FMA has confirmed the methodology KiwiSaver scheme providers must use when calculating the dollar amount of fees paid by KiwiSaver investors for annual statements. The FMA wants to ensure providers are calculating fees accurately without burdening them ... More >>

Former RFA sentenced at Auckland District Court

Thursday, 13 July 2017, 3:07 pm | Financial Markets Authority

A former registered financial adviser who forged clients’ initials and falsely amended insurance applications has been sentenced to 150 hours of community work, 6 months community detention and ordered to pay reparations of $16,461.24. Anthony ... More >>

Penalty judgment in the case of FMA v Warminger

Friday, 30 June 2017, 1:12 pm | Financial Markets Authority

Penalty judgment in the case of FMA v Warminger The High Court imposed a total penalty of $400,000 on Mark Warminger for two contraventions of the Securities Markets Act 1988. More >>

Annual review of NZX published

Thursday, 29 June 2017, 4:08 pm | Financial Markets Authority

Annual review of NZX published The Financial Markets Authority (FMA) has published its annual review of whether NZX met its statutory obligations as a licensed market operator. More >>

Insider Trader Jeffrey Peter Honey Sentenced

Wednesday, 14 June 2017, 10:55 am | Financial Markets Authority

Jeffrey Peter Honey was sentenced yesterday to six months home detention at the Auckland District Court, after pleading guilty to one charge of insider trading under section 243(1)(a) and section 244 Financial Markets Conduct Act. Mr Honey admitted to being ... More >>

FMA files charges under Crimes Act

Friday, 9 June 2017, 1:40 pm | Financial Markets Authority

Two men appeared yesterday in the Tauranga District Court in relation to various charges filed by the FMA under the Crimes Act. More >>

Innovative Securities fails to overturn FSPR decision

Thursday, 8 June 2017, 1:59 pm | Financial Markets Authority

The High Court has dismissed an appeal by Innovative Securities Limited (Innovative Securities) against the Financial Markets Authority’s (FMA) decision to direct Companies Office, as the registrar of the Financial Services Provider Register (FSPR), ... More >>

Trial shows simple way to help KiwiSaver members

Thursday, 8 June 2017, 12:47 pm | Financial Markets Authority

KiwiSaver members who received communications created using behavioural insights were more likely to choose to move out of default funds, and less likely to transfer to another provider. More >>

FMA announces methodology for KiwiSaver fee disclosure

Thursday, 8 June 2017, 12:28 pm | Financial Markets Authority

The Government has recently introduced regulations requiring KiwiSaver providers to disclose fees in dollars in members’ annual statements. The Financial Markets Authority (FMA) has been consulting on a methodology that will assist KiwiSaver providers ... More >>

FMA survey: Investor confidence bounces back

Monday, 29 May 2017, 8:45 am | Financial Markets Authority

Major disruptions in world events over the last year have not dented New Zealanders’ confidence in financial markets. The FMA today released its annual survey into the public’s attitude to financial markets. The survey shows that confidence has risen ... More >>

Licensing overview: what the FMA found

Wednesday, 24 May 2017, 9:40 am | Financial Markets Authority

Common issues, hints for new applicants and a guide to the Financial Markets Authority’s (FMA) future focus are included in a review of the regulator’s first two and a half years of licensing. More >>

Former financial adviser pleads guilty to four charges

Thursday, 18 May 2017, 10:58 am | Financial Markets Authority

Anthony Wilson, a former Registered Financial Adviser yesterday pleaded guilty at the Auckland District Court to two charges of making a false document for pecuniary advantage. The charges were filed by the Financial Markets Authority (FMA) under ... More >>

Changes for investment companies

Monday, 15 May 2017, 3:19 pm | Financial Markets Authority

Investors will benefit from greater protection due to a change in the way the Financial Markets Authority (FMA) will treat certain companies offering shares. More >>

Media Statement on NZX updated code of corporate governance

Wednesday, 10 May 2017, 10:25 am | Financial Markets Authority

The code will replace the existing Best Practice Code in NZX’s listing rules for the main board and debt market, and reflects developments in financial markets since the original code was published in 2003. More >>

IMF NZ FSAP Assessment 2017

Tuesday, 9 May 2017, 8:39 am | Financial Markets Authority

The FMA today welcomes the publication of the International Monetary Fund’s Financial Sector Stability Assessment (FSSA) for New Zealand. More >>

Trial to target decision-making a decade out from retirement

Monday, 8 May 2017, 11:11 am | Financial Markets Authority

The FMA is working with ANZ to see if behavioural insights can prompt more ANZ KiwiSaver members to get retirement advice, or use retirement-planning tools when they hit 56 years old. More >>



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